Mobil/Exxon post record profit

[Bob Thomas]

Heard on the radio that Mobil/Exxon posted a record 110 million dollar profit, I believe they said this quarter. Well no wonder at $3.50/gallon! When is it going to end. It's just BS that they are still making such a HUGE profit while we suffer. What a crock of bologna!

[Raider Ronnie]

How is it that they went up on their prices allong with every other gas station because of the hurricane down south,
when their supply comes from up north?

[BigFish]

You think those greedy SOB's could have taken the hit for the benefit of the country for a few days until the refineries reopened (not that I believe that had anything to do with the price spike) it was opportunistic for the companies to make a killing given the circumstances!!! The government had a job to do easing the situation and policeing price gouging...well they should have started at the top and worked their way down! Prices are now leveling off and why???? Because there was no urgent need for such an increase!!!


And oh...by the way...did they donate one red cent for the victims of Hurricane Katrina?????

[Nebe]

Originally Posted by Bob Thomas

When is it going to end.

It will end in 2 ways. Either the american people wake up and vote out the politicians who are on the payroll of the oil companies, or a new viable clean energy source makes itself known.

(this is my attempt on not blaming any particular person)

[spence]

I just read an article in Scientific American which says all North American cars could be simply powered off Eben's hot air

-spence

[TheSpecialist]

My buddy paid 2.40/ gal to the wholesalers yesterday, that included all taxes. Two days ago it was 2.60 at the wholesalers. I asked him if he thought we would see prices for gas under 2 bucks at the pump again, and he seems to think so.

[afterhours]

... and now narragansett electric is looking for theirs- 24% increase. seems we used too much electricity WATCHING katrina unfold on our tv's and 'puters.

[seabass]

GEORGE BUSH EATS CRUDE !!!!!!!! EVEN HE HAS TO PAY THE PRINCE FOR HIS ELECTION!!!! 8 YEARS LATER, AMERICA IS MUCH WEAKER.

[Nebe]

Originally Posted by spence

I just read an article in Scientific American which says all North American cars could be simply powered off Eben's hot air

-spence

some call it hot air, but I call it superior intellect. I can help you achieve a higher state of allertness if you desire. All you have to do is pull my finger and inhale

[MAC]

I don't like the gas prices either but......Do you really believe that it is only the republicans who own vast amounts of oil stock? I would bet that if you researched it a little you would find that a majority of the politicians ( both parties included) who have money behind them made a lot of it through oil.

The oil people are like the zoo keepers and we are the caged animals. I mean ya have to eat right? And if only given a certain amount of food you learn to accept and adjust to it. There isn't anything the common man can do about it as we don't have the means to fight it. ( oh and yes I vote) I doubt we will ever see gas prices go below 2 bux again. Why would the gas companies build more refineries to sell gas at a cheaper price? Why would they want to refine a larger quantity than current production and make less profit per unit of measure? Sounds like economics 101 to me and guess what....we are on the losing end of the stick. I really don't believe things would be any different if there were a democrat in the white house now either. We are on the road to being just like 15th or 16th century England. The HAVES and the HAVE NOTS. Middle class Americans which built this country into what it is will no longer exist. Them (HAVES): " you can't do this" "you can't do that"
Us (HAVE NOTS) " Why? We have always done it like that" . Them " Not any more" I know this may seem reduntant but you mark my words this is where we are heading.

Ok, enough ranting. I have to go to work. LOL

[Swimmer]

You guys did not mention GULF gas thats sold at all the Cumbies in New England. Two brothers control the Gulf gas name in 2600 of these stations. Thier in thier late thirties. One of the brothers has his house on the water at Manchester By The Sea and it is gorgeous. Can you imagine two people controling the total profit and loss for 2600 gas stations along the eastern seaboard. At least Mobil/Exxon are publically held corporations that the government has certain control over.

[Swimmer]

One thing that has changed dramatically is the standards used by the companies on which they use to set the price at the pumps. Before two to three years ago it was how much supply on hand dictated what was charged to us at the pump. Now it seems the price is based on unpredictable market values of oil supplies that have yet to be ordered. A whole new era of market economy has been born that no set rules have been established for. Guidleines cannot be made when the basis of pricing is unprecdictability. Unpredictibilty also covers up many gouging practices that obviously have occurred. Unpredictibilty is such an ambiguous and outrageous pricing technique it reeks of corrupt billing practices that no one could uncover a legitimate crime. It is one thing to think a crime has been committed in your heart, but your brain has to prove a crime actually happened. Only on Wall Street could a pipeline leak in Mexico, an Al Quaida operative bombing a pipeline in Iraq, or 50,000 new cars on the road in China drawing down the worlds oil supply, appear to us in the pricegouging of gas at the pumps that resembles an ajustable rate mortgage. One nevers knows if the mortgage rate is going to be the same one year to the next. Just my two cents.

[Raven]

he's lovin it.....

[Swimmer]

You have a way with words.

[Diamond Tackle]

Originally Posted by Bob Thomas

Heard on the radio that Mobil/Exxon posted a record 110 million dollar profit, I believe they said this quarter. Well no wonder at $3.50/gallon! When is it going to end. It's just BS that they are still making such a HUGE profit while we suffer. What a crock of bologna!

slight correction, hope this doesnt boil your blood even more.
they made 110 million $ PER DAY , last quarter.
that translates to 10 billion for the quarter, they made "only" 25billion in all of 2004

[BigBo]

And now the standard has been set where if there's even a rumor of a storm anywhere in the Gulf region, the prices go up

[The Dad Fisherman]

Originally Posted by BigBo

And now the standard has been set where if there's even a rumor of a storm anywhere in the Gulf region, the prices go up

Lovely Rita, Meter Made.

Unfortunately the meter is on the Pump

[Bob Thomas]

Channel 7 news last night said that Rita will drive the price of gas to $5/gallon! $5 friggin dollars a gallon? That will be over $75 just to fill my Hyundai!

[MAC]

Originally Posted by Bob Thomas

Channel 7 news last night said that Rita will drive the price of gas to $5/gallon! $5 friggin dollars a gallon? That will be over $75 just to fill my Hyundai!

how about over 150 to fill the truck with a range of a little over 400 miles....

[Bob Thomas]

Mac,

I didn't EVEN want to do that math. Have a 2003 Trailblazer EXT which has a 25 gal tank. $125............OUCH! Guess I now have a $30k paper weight!

[MAC]

Makes me wish I had renewed the Race sticker on my wifes blazer. 21 mpg is much better than 12 mpg

[Raven]

oh yeah !!!! you grunts....

[Mike P]

Originally Posted by Swimmer

One thing that has changed dramatically is the standards used by the companies on which they use to set the price at the pumps. Before two to three years ago it was how much supply on hand dictated what was charged to us at the pump. Now it seems the price is based on unpredictable market values of oil supplies that have yet to be ordered. A whole new era of market economy has been born that no set rules have been established for. Guidleines cannot be made when the basis of pricing is unprecdictability. Unpredictibilty also covers up many gouging practices that obviously have occurred. Unpredictibilty is such an ambiguous and outrageous pricing technique it reeks of corrupt billing practices that no one could uncover a legitimate crime. It is one thing to think a crime has been committed in your heart, but your brain has to prove a crime actually happened. Only on Wall Street could a pipeline leak in Mexico, an Al Quaida operative bombing a pipeline in Iraq, or 50,000 new cars on the road in China drawing down the worlds oil supply, appear to us in the pricegouging of gas at the pumps that resembles an ajustable rate mortgage. One nevers knows if the mortgage rate is going to be the same one year to the next. Just my two cents.

Exactly. Right now is when we should be experiencing any supply crunch from Katrina---not a day after the storm. Yet, the prices here have dropped by about 70 cents a gallon.

Do you think it was any accident that the prices spiked in the 4-5 days before Labor Day weekend, just before the end of the busiest driving season of the year? And have steadily dropped since?

[MAC]

I wouldn't be surprised to see it "get" down to $2.50. Then the oil companies will feel they did right by us. $1.79 a year ago..... This whole thing is a crock of chit. Now who knows where Rita will lead prices. I think I'll go oil my bicycle chain.

[NaCl H2O]

Originally Posted by MAC

I Now who knows where Rita will lead prices. I think I'll go oil my bicycle chain.

Make sure you use synthetic oil while you're at it

[Thom]

Just got the gas bill here at the plant for last month took my breath away the boss made us switch back to oil at the being of the month he figures we will save about $40,000 by going on oil. My heart goes out to the people that are using natural gas for heat they are going to pay threw the nose something to tune of 60% more than last year is what the experts are predictting and oil is going to be right around the 35% for the heating season. electirc is going up about 17% or so this heating season. Pretty scarey right now let all pray for a warmer than normal winter this year. ThomT

[Mike P]

Originally Posted by MAC

I wouldn't be surprised to see it "get" down to $2.50. Then the oil companies will feel they did right by us.

And all the dumbchits will think they're getting a deal.

There's a Gulf station in the town my ex lives in that's selling regular for $2.75 a gallon. Within a mile radius, there's 5 other stations selling for $2.89. I drove by last night on my way to pick up the kids. The Gulf station had lines at least 20 cars long, waiting to save a whopping $2.80 on a 20 gallon fillup (and most aren't filling up from empty). Figure a good 40 minutes to an hour waiting to save a lousy 14 cents a gallon, and most cars will probably burn at least a gallon idling for that time and wind up at best, breaking even on the fill-up----some might even wind up with a net loss

As long as such stupidity abounds, can you blame the oil companies for taking advantage of it

[MAC]

I agree we ( the US as a whole) are our own worst enemies.

[Van]

Funny thing is I have seen many storms hit the south, and i sure don't remember the gas prices going up...

Just an excuse to scam the hard working middle class that depend on gas for EVERYTHING..........

That POS Bush has turned the whole world against us and mother nature.....

and he has the oil Cos in his pocket or should I say they have him in their pocket.

[Raven]

free......

http://www.oilendgame.com/ReadTheBook.html